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Earnings transcript
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PSX
Phillips 66
$176.21
0.57
(0.32%)
| Exchange: | NYSE |
| Market Cap: | 70.615B |
| Shares Outstanding: | 640M |
About The Company
| Sector: | Energy | |||||
| Industry: | Oil & Gas Refining & Marketing | |||||
| CEO: | Mark E. Lashier | |||||
| Full Time Employees: | 13200 | |||||
| Address: |
| |||||
| Website: | https://www.phillips66.com |
Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas. The Chemicals segment produces and markets ethylene and other olefin products; aromatics and styrenics products, such as benzene, cyclohexane, styrene, and polystyrene; and various specialty chemical products, including organosulfur chemicals, solvents, catalysts, and chemicals used in drilling and mining. The Refining segment refines crude oil and other feedstocks into petroleum products, such as gasolines, distillates, aviation, and renewable fuels at 12 refineries in the United States and Europe. The M&S segment purchases for resale and markets refined petroleum products, including gasolines, distillates, and aviation fuels primarily in the United States and Europe. This segment also manufactures and markets specialty products, such as base oils and lubricants. The company was founded in 1875 and is headquartered in Houston, Texas.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 147,262,000 | 143,118,000 | 132,189,000 |
| Gross Profit | 11,285,000 | 4,863,000 | 6,486,000 |
| EBITDA | 12,372,000 | 5,985,000 | 9,757,000 |
| Operating Income | 8,268,000 | 2,324,900 | 3,520,000 |
| Net Income | 7,004,000 | 2,117,000 | 4,403,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 75,501,000 | 72,582,000 | 73,680,000 |
| Total Liabilities | 43,851,000 | 44,119,000 | 43,439,000 |
| Total Stockholders Equity | 30,583,000 | 27,408,000 | 29,093,000 |
| Total Debt | 19,359,000 | 20,062,000 | 19,716,000 |
| Cash and Cash Equivalents | 3,323,000 | 1,738,000 | 1,116,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 7,029,000 | 4,191,000 | 4,962,000 |
| Capital Expenditure | -2,418,000 | -1,859,000 | -2,233,000 |
| Free Cash Flow | 4,611,000 | 2,332,000 | 2,729,000 |
| Net Income | 7,004,000 | 2,107,000 | 4,403,000 |
| Net Change in Cash | -2,810,000 | -1,585,000 | -622,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 148,402,573.296 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 226,246,876.339 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 185,578,037.223 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 9,923,093.606 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 15,128,234.518 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 12,408,869.965 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 5,190,756.534 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 9,018,020.288 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 7,018,511.617 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 2,223,028.546 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 3,389,114.173 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 2,779,906.474 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 17.200 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 22.100 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 12.720 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 2 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Revenue Performance: PSX has demonstrated robust revenue figures in recent income statements, reflecting consistent growth over the past periods as reported in the financial data. This indicates a solid operational foundation within its industry.
- Positive Free Cash Flow: The cash flow statements highlight a healthy free cash flow yield (freeCashFlowYieldTTM), suggesting PSX has sufficient liquidity to fund operations, invest in growth, and return value to shareholders through dividends or buybacks.
- Industry Positioning: PSX benefits from a favorable position within its sector, as evidenced by performance metrics (perf1y, perf5y) that show competitive returns compared to industry averages (industry_perf1y, industry_perf5y), indicating resilience and market strength.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates PSX intrinsic value between $57.60 – $81.93 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about PSX valuation
Is Phillips 66 (PSX) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Phillips 66 (PSX) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is PSX a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether PSX trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is PSX’s P/E ratio?
You can see PSX’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for PSX?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is PSX a good long-term investment?
Whether PSX fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
PSX
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0.32
Trading Metrics:
| Open: | 180.5 | Previous Close: | 175.64 | |
| Day Low: | 174.82 | Day High: | 181.29 | |
| Year Low: | 91.01 | Year High: | 190.61 | |
| Price Avg 50: | 162.06 | Price Avg 200: | 139.08 | |
| Volume: | 2.468M | Average Volume: | 3.103M |
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Login — it's freePSX full analysis
Welcome to MARKETSNAP’s SWOT analysis for Phillips 66, a heavyweight in the energy sector. If you’re a long-term investor looking to dig into the nuts and bolts of this refining giant, you’re in the right place. Let’s break down what makes Phillips 66 tick, dive into some recent developments, and analyze its strengths, weaknesses, opportunities, and threats—all with an eye on building that wealth over the long haul. Stick with me as we unpack this, and let’s see if this…
